Range will be rolled out over next six months
Market data is pointing towards a general increase in expectations of a recession in the next 12 to 18 months.
'Significant eurozone reform' on the cards
Over the past decade, we have endured the tired pessimism that still looms from the 2008 Global Financial Crisis.
Europe faces several challenges, specifically German manufacturing, trade wars and Italian budgetary pressures.
Europe's run of poor manufacturing and trade data continued in June.
After a spectacular rally that lifted all boats, equity markets have corrected heavily over the past month.